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Economy

It’s Official: Trump’s Tax Cuts Paid for Themselves

How many times have you heard President Joe Biden or Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) berate the Trump tax cuts as "a giveaway to the rich"? Biden and ...

Even Republicans Are All in on Washington’s End-of-Year Spending Spree

The federal government is running annual $1 trillion to $2 trillion budget deficits, which is more than the entire gross domestic product of most nations. But if you believed that ...

Federal Reserve Bank, Washington D.C.

Your Money or Your Life: Capitalism as the New Communism (and Vice Versa)

“It is a characteristic of wisdom not to do desperate things.” —Henry David Thoreau, Walden (1854) Long ago, in a universe of sane fiscal policy far, far away, there ...

The Street Keynesians

According to a poll carried out by the Figaro newspaper, only 17% of the French believe that 2014 will be a good year, but in fact it started very well for France. Only 1,064 cars ...

Jewish Wealth by the Numbers

Americans can learn much from Israel. It’s an increasingly prosperous nation that grapples manfully with its problems. For example, when the Israelis put up a fence along ...

They Also Serve

The Occupy movement brags that the parks it seized once hosted Depression-era shantytowns. But on the eve of WWII, America heard little talk of class warfare. Back then the ...

The Day of the Hobbits

Mocked by The Wall Street Journal and Sen. John McCain as the little people of the “Lord of the Rings” books, the Tea Party “Hobbits” are indeed returning ...

Obama Blows up the Bridge

“Rather than building bridges, he’s poisoning wells,” said Rep. Paul Ryan, after listening to Barack Obama’s scathing attack on his deficit reduction plan ...

“€œCreating”€ Jobs With Stimulus Money

The $787-billion American Recovery and Reinvestment Act of 2009 (ARRA), signed into law by President Obama on February 17, 2009, has been largely forgotten, despite the fact that ...

Psychos and Zombies: Mutant Spawn of the Great Recession

Last Tuesday night, a fat, rumpled, unemployed 56-year-old man named Clay Duke invaded a Florida school-board meeting and put on a clumsy show of violent political theater before ...

From Baby Boom to Bust

Barack Obama's election was an anomaly, a lurch backward. It defied the apparently inevitable and stood athwart history crying, "€œStop!"€ It has been clear for at least ten ...

Green Monster

I’m a fan of economics and of history, as well as politics, a combination that forms some very interesting cycles to research, discuss and argue on. None is so interesting ...

The Return of Protectionism

Down at the Chinese outlet store in Albany known as Wal-Mart, Chinese tires have so successfully undercut U.S.-made tires that the Cooper Tire factory in that south Georgia town ...

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The Estrogen Recession

Are men to blame for the economic crash? That's become a popular theme in the press. For example, the BBC's business editor Robert Peston recently stated in "€œWhy men are to ...

Where Are All These Jobs?

Let's suppose a business employed ten workers in June. Along came Barack Obama and huffed and puffed and blew six jobs away. Four employees now run a pared-down operation. The ...

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